Across
- 2. an online tool that automatically calculates mortgage amortization and
- 5. debt will accrue per year; takes into account the interest rate and any fees
- 6. an agreement between a homeowner and an insurance agency that the
- 8. a licensed professional who represents a buyer or a seller of a home
- 10. the amount of money a person is willing to pay for a home
- 11. will pay for damages to the home if any occur
- 14. can be purchased to reduce the APR on a mortgage. Each point costs 1% of the
- 15. or rolled into a mortgage
- 17. mortgage payment based on entered home value, APR and any
- 19. an amount of money paid at a mortgage's closing date
- 20. insurance
- 22. annual taxes paid on a home, based on the value of the home, usually paid
- 23. (PMI) and Mortgage Insurance Premium (MIP) are two types of
Down
- 1. a licensed professional's opinion of the physical state of a home
- 3. the amount of money currently owed on a loan
- 4. assessed value
- 7. the annual percentage rate to borrow money for a loan available at the time
- 9. other charges on the account, so is often higher than the interest rate alone
- 12. the date the mortgage paperwork is signed and finalized
- 13. the percentage rate used to calculate the amount of interest an account, loan
- 16. fees
- 18. protects the bank against nonpayment of a mortgage. Private Mortgage
- 21. a simple interest home loan